Upper Lohore Khola Hydropower Company Limited

Upper Lohore Khola Hydropower Company Limited is a Nepali independent hydropower developer that aims to harness the water resources of the Lohore Khola to generate clean electricity and contribute to the national grid.The company was originally incorporated as a private-limited company on 2074/07/15 B.S. and later converted into a public-limited company on 23 Ashadh 2078 B.S., under the Companies Act 2006. Its primary project is the 4.00 MW run-of-river Upper Lohore Khola Hydropower Project (ULKHEP), located in Dailekh District, Karnali Province, at elevations between approximately 1055 m and 1305 m above sea level. The project is designed to generate around 21.22 GWh annually and evacuate power to the grid via a 33 kV line to Narayan Municipality substation. After completing civil works, water‐conveyance, and electromechanical installations (by a European supplier), the Upper Lohore Khola project began commercial operations in July 2025, marking ULHC’s transition from development to operational hydropower supplier. ULHC positions itself as a renewable-energy company committed to generating electricity in an environmentally conscious, efficient, and cost-effective manner aiming to support Nepal’s energy needs and provide sustainable returns to investors. Financially, ULHC is publicly listed on the Nepal Stock Exchange (NEPSE) under the ticker “ULHC,” with 5,098,040 shares outstanding at a face value of NPR 100 each (paid-up capital ~ NPR 509,804,000). As of late 2025, the company’s market capitalization stands in the order of a few billion rupees, reflecting investor interest in small-scale hydropower and newly commissioned renewable capacity. Like many small hydropower firms, ULHC faces typical sector challenges: variability in hydrology and river flow from season to season, dependency on timely evacuation infrastructure and grid connectivity, and the financial burden associated with commissioning new projects. Recent reports by a credit-rating agency have flagged delays in debt servicing and project stabilization risk reflecting some financial stress in the short term.